"固收+"产品需要更加注重大类资产配置，长期业绩稳健的产品会受到更多投资者青睐。除了资深基金 经理管理，华安基金大固收投研平台将提供坚实的支撑。基于大固收平台体系，华安基金固收投资采 取"1+N"多资产团队管理模式。华安基金首席固收投资官邹维娜负责整体团队的统筹协调与大类资产配 置决策，确保投资方向与产品目标的统一。团队成员则分别专注于股、债等全链条研究工作，充分发挥 各自在细分领域的专业能力。通过高度协同的团队化运作，研究成果得以有效转化为产品层面的投资决 策。 华安基金"固收家"迎来新成员。据悉，11月11日，华安沣泰债券基金启动发行，该产品以"低波固收 +"为定位，在股债领域精耕细作，通过多元策略拓宽收益来源。华安基金已构建起一个投研一体化、 配置多元化、人才梯队完善的"大固收"平台，采取"1+N"多资产团队管理模式，为华安沣泰债券基金的 运作保驾护航。 据了解，华安沣泰债券基金以稳健增值为核心目标，为投资者提供适配低利率时代的资产配置方案。从 投资策略看，该产品以固收资产筑牢底仓，债券端精耕细作，精选高评级券种、把控利率与信用风险， 为组合筑牢基础收益。同时，权益端采用均衡风格，覆盖多领域且个股集中度 ...

Core Viewpoint - The low interest rate environment has shifted investor preferences towards "fixed income +" products, which combine stable fixed income assets with diverse equity investments to enhance returns [1][2]. Group 1: Market Trends - The "fixed income +" fund category has seen significant growth, with total assets surpassing 2.4 trillion yuan by the end of Q3 2023 [2]. - The decline in deposit rates and bank wealth management yields has prompted a migration of funds into "fixed income +" products, which are perceived as safer investment vehicles [2][3]. - The stability of bond market interest rates has provided a safety net, allowing for enhanced returns through equity investments [2]. Group 2: Product Launch - Huaan Fund is launching the Huaan Fengtai Bond Fund on November 11, 2023, focusing on low-volatility fixed income strategies while actively managing equity exposure [1][2]. - The fund aims to meet the wealth allocation needs of residents in a low interest rate environment, emphasizing steady value growth [2]. Group 3: Investment Strategy - The Huaan Fengtai Bond Fund will maintain at least 80% of its assets in bonds, with 5-20% allocated to equity and convertible bonds, ensuring a balanced risk-return profile [3]. - The fund manager, Wu Wenming, emphasizes a conservative approach, avoiding high-risk strategies and focusing on stable, long-term performance [3][4]. Group 4: Team and Management Structure - Huaan Fund has established a comprehensive "big fixed income" platform that integrates research and investment management, enhancing collaboration among team members [6][7]. - The "1+N" management model allows fund managers to oversee larger portfolios while maintaining performance stability through specialized focus areas [7]. Group 5: Historical Performance - Wu Wenming has demonstrated strong performance in managing similar products, with the Huaan Fenyue Bond Fund achieving a cumulative return of 9.87% since its inception, outperforming benchmarks [4][8].

Core Viewpoint - The low interest rate environment has led to a decline in "capital preservation" investment products, making "fixed income +" products increasingly popular as they aim to enhance returns through a combination of fixed income and equity assets [1][2]. Group 1: Market Trends - The "fixed income +" fund category has seen rapid growth, with total assets surpassing 2.4 trillion yuan by the end of Q3 2023 [2]. - The decline in deposit rates and bank wealth management yields has prompted significant capital movement towards "fixed income +" funds, which serve as a low-risk investment vehicle [2][3]. - The stability of bond market interest rates has provided a safety net, allowing for enhanced returns through equity investments [2][3]. Group 2: Product Launch - Huazhang Fund is launching the Huazhang Fengtai Bond Fund on November 11, 2023, focusing on low-volatility fixed income strategies [1][2]. - The new fund aims to meet the wealth allocation needs of residents in a low interest rate environment, emphasizing steady value growth [2][3]. Group 3: Investment Strategy - The Huazhang Fengtai Bond Fund will maintain at least 80% of its assets in bonds, with 5%-20% allocated to equity and convertible bonds [3]. - The fund manager, Wu Wenming, emphasizes a stable long-term performance strategy, avoiding high-risk credit strategies and long-duration trading [3][4]. Group 4: Team and Management - Huazhang Fund has established a comprehensive "big fixed income" platform that integrates research and investment management, enhancing team collaboration and expertise [6][7]. - The "1+N" multi-asset team management model allows fund managers to oversee larger product scales while maintaining performance stability [7].

低利率时代，"保本"理财已成过往，单一资产难以穿越周期，"固收+"产品关注度持续升温。这类产品 以固收资产筑牢底仓，以多元权益资产为帆，力争收益增厚。 作为长期深耕固收领域的老牌公募，华安基金精心打造 "固收家" 产品谱系，已构建起覆盖 "固收 +"、 纯债及流动性管理的三大核心产品线。华安基金"固收家"再出新品，据悉，11月11日，华安沣泰债券基 金将启动发行，该产品以"低波固收+"为定位，在股债领域精耕细作。 股债精耕细作 攻守兼备二级债基"上新" 今年以来，"固收+"基金持续升温，规模快速攀升。数据显示，截至三季度末，"固收+"基金整体规模突 破2.4万亿元。 华安基金首席固收投资官邹维娜表示，"固收+"基金规模显著增长，主要有以下几点原因：第一，存款 利率快速下行和银行理财收益走低。今年以来，一年期定存挂牌利率跌破1.5%，无风险收益"洼地"迫使 万亿元级资金从存款和理财中"搬家"，"固收+"基金成为承接低风险资金的载体。第二，债市利率低位 走稳，提供"安全垫"。纯债部分票息赋予组合稳定的杠杆收益，为权益端投资留出空间。第三，权益市 场"结构牛"提升了"+"端胜率，"固收+"基金通过可转债/股票仓位， ...

与此同时，华安基金"1+N"多元化固收团队将为华安沣泰债券基金的管理保驾护航，团队大类资产配置 专家邹维娜把握各品种投资比例和时机，团队成员术业专攻，在宏观研究、信用债、利率债、股票、可 转债等细分领域发挥专长，实现策略全覆盖。 公开资料显示，华安沣泰债券基金投资于债券资产的比例不低于基金资产的80%；投资于权益类资产、 可转换债券（不含分离交易可转债的纯债部分）、可交换债券的比例合计占基金资产的5%-20%；其中 投资于境内股票的比例不低于基金资产的5%，投资于港股通标的股票的比例不超过股票资产的50%； 投资于证券投资基金的资产不超过基金资产净值的10%。 华安沣泰债券拟任基金经理吴文明具有近16年金融、基金从业经验，8年公募基金投资经验。在多年的 投资实践中，吴文明已打磨出一套成熟的投资框架，擅长宏观趋势判断和个券精准定价。在债券定价、 交易领域，吴文明细腻精准，积累深厚，注重积小胜为大胜，不放过任何"捡面包渣"增厚收益的机会， 践行通过稳健操作，追求中长期业绩的稳定。 来源：上海证券报·中国证券网 在低利率市场环境下，攻守兼备的二级债基正逐渐成为求稳型投资者的配置优选。据悉，华安沣泰债券 基金将于11 ...

Core Viewpoint - The Huazhong Fengtai Bond Fund is set to launch on November 11, focusing on stable investment strategies in a low-interest-rate environment, aiming to provide asset allocation solutions for investors seeking stability [1] Group 1: Fund Characteristics - The fund will invest at least 80% of its assets in bonds, with 5%-20% allocated to equity and convertible bonds, and a minimum of 5% in domestic stocks [2] - The fund manager, Wu Wenming, has nearly 16 years of experience in finance and fund management, with a focus on macro trend analysis and precise bond pricing [2] - The fund management team employs a diversified approach, ensuring comprehensive coverage across various asset classes and investment strategies [2] Group 2: Investment Strategy - The fund aims to build a solid foundation through high-rated bonds while maintaining a balanced equity exposure to optimize risk and return [1][2] - In the current market, the likelihood of significant adjustments in bond yields is low, presenting opportunities for strategic investments [3] - The fund will actively participate in credit bonds that have not fully recovered from previous interest rate increases, while maintaining liquidity in the portfolio [3]

在低利率市场环境下，攻守兼备的二级债基正逐渐成为求稳型投资者的配置优选。据悉，华安沣泰债券 基金将于11月11日正式启动发行，聚焦居民财富配置场景需求，在股债细分领域精耕细作，以稳健增值 为核心目标，为投资者提供适配低利率时代的资产配置方案。 华安沣泰债券基金定位为"低波固收+"产品，依托独特宏观研究框架，结合经济周期、政策与流动性， 将研判转化为精准资产配置决策。具体来看，以固收资产筑牢底仓，债券端精耕细作，精选高评级券 种、把控利率与信用风险，为组合筑牢基础收益；权益端采用均衡风格，覆盖多领域且个股集中度低， 在打开收益空间的同时，严格控制风险。此外，为了拓宽投资边界，提升配置效率，华安沣泰债券基金 依托A股、港股双市场机遇，并保留10%基金投资空间，进一步丰富收益来源、优化组合表现。 展望后市，吴文明表示，在当前市场环境下，债券收益率大幅调整的可能性偏低，市场整体呈现震荡格 局，调整后仍存在配置的机会。利率债方面，继续进行波段操作；信用债方面，对前期利率上行修复程 度较低的品种适当参与，保持组合流动性。就权益资产而言，长期视角下，人工智能的发展有望提升盈 利增长中枢，积极把握结构性投资机会。 风险提示： ...